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What else can I help you with?
What is conventional financing?
Conventional financing is any loan made by a lender that is not government guaranteed....such as a FHA or VA loan.
Can you purchase a short sale with an fha loan?
Yes, you can purchase a Short Sale with an FHA loan. There are no restrictions on the type of financing in the purchase of a short sale.
Can you buy a HUD home with a FHA loan?
Yes, as long as the property meets the condition standards of the FHA loan. The HUD homes are not always in acceptable condition and this makes it difficult to obtain FHA financing because the seller will not allow you to make repairs to the property until after the loan is closed. However, the FHA loan requests that required repairs be made prior to closing.
3 types of real estate financing?
As far as what types of residential real estate financing that are available, there are several types of mortgage loans that one can obtain. The most common loans are FHA, VA, and Conventional loans.
What is a 203K financing status IE insurability?
What is "I", "IE", "UI"?These are listing codes, finance types that describe the FHA insurability of a property."IN" Insurable203(b) Regular FHA LoanThis means the property meets FHA 203(b) financing requirements; no obvious repairs necessary to insure an FHA loan to buyer."IE" Insurable with Repair Escrow203(b) - Repair EscrowThis means the property is eligible for a 203(b) FHA loan and that necessary repairs do not exceed $5,000."UI" UninsuredThis means the property requires extensive repairs exceeding $5,000. These properties are eligible for an FHA 203(k) mortgage if the required repairs and or the improvements are completed within 90-days of the closing."203K" Streamlined 203(k)Limited Repair ProgramFHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser
On what basis does the FHA approve financing services?
The FHA will never be responsible for approving financing. This organization can help one find a lender, but they do not actually lend money themselves. For more information visit the FHA website.
What is conventional financing?
Conventional financing is any loan made by a lender that is not government guaranteed....such as a FHA or VA loan.
Can you purchase a short sale with an fha loan?
Yes, you can purchase a Short Sale with an FHA loan. There are no restrictions on the type of financing in the purchase of a short sale.
Can FHA refinance your automobile?
"No. FHA loans are actually for financing your house if you have a lower income. It's a government program, that low income people use for buying homes."
Can I find the cost of refinancing a fha loan?
It is possible to find the cost of refinancing a fha loan. You can find the cost as well as financing options at www.fharesearchcenter.com/fha_mortgage_refinancing.htm. Quicken Loans also will provide you with the information.
Can you buy a HUD home with a FHA loan?
Yes, as long as the property meets the condition standards of the FHA loan. The HUD homes are not always in acceptable condition and this makes it difficult to obtain FHA financing because the seller will not allow you to make repairs to the property until after the loan is closed. However, the FHA loan requests that required repairs be made prior to closing.
3 types of real estate financing?
As far as what types of residential real estate financing that are available, there are several types of mortgage loans that one can obtain. The most common loans are FHA, VA, and Conventional loans.
What has the author Adriana Pincherle written?
Adriana Pincherle has written the book "Discover Scores of Possibilities. The first step toward FHA -DFHE® Exam" as well as other books related to FHA and financing. She is known for her expertise in FHA loans and the DHFE exam.
What has the author Richard Hamecs written?
Richard Hamecs has written: 'FHA financing for rental housing' -- subject(s): Finance, Forms, Law and legislation, Rental housing
what type of home improvement financing loans are available to me?
You can find first time homebuyer loans in the market place right now. Additionally, for certain individuals, FHA loans are available.
What is a 203K financing status IE insurability?
What is "I", "IE", "UI"?These are listing codes, finance types that describe the FHA insurability of a property."IN" Insurable203(b) Regular FHA LoanThis means the property meets FHA 203(b) financing requirements; no obvious repairs necessary to insure an FHA loan to buyer."IE" Insurable with Repair Escrow203(b) - Repair EscrowThis means the property is eligible for a 203(b) FHA loan and that necessary repairs do not exceed $5,000."UI" UninsuredThis means the property requires extensive repairs exceeding $5,000. These properties are eligible for an FHA 203(k) mortgage if the required repairs and or the improvements are completed within 90-days of the closing."203K" Streamlined 203(k)Limited Repair ProgramFHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser
What are the available options for financing a house loan?
The available options for financing a house loan include conventional loans, FHA loans, VA loans, and USDA loans. Each option has different requirements and benefits, so it's important to research and compare them to find the best fit for your situation.
